Chairman Kim Hak-do: "We Will Lead Startups to Become Global Innovative Companies"

Meeting with Seoul Youth Startup Academy Entrants and Bambunetwork on the Night of the 4th

On the afternoon of the 4th, at a startup meeting held in Mokdong, Seoul, Director Kim Hak-do is speaking.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 4th that it held an on-site meeting with young startup CEOs at the Seoul Youth Startup Academy in Mok-dong, Yangcheon-gu, Seoul.

On this day, Chairman Kim Hak-do met with seven CEOs of companies enrolled in the Seoul Youth Startup Academy, including Jung Da-bin, CEO of Bambunetwork, and listened to on-site voices regarding difficulties in operating startups.

The participating CEOs stated that startups face limitations in initial marketing and overseas expansion due to a lack of networks and manpower, and that it is difficult to independently carry out investment attraction activities to secure funding. They presented various opinions on effective startup support directions for sustainable growth.

Jung Da-bin, CEO of Bambunetwork, said, "After enrollment, within three years of founding the company, we were able to create global content exported to over 30 countries, and with help such as IR coaching, we achieved the success of attracting 2 billion KRW in investment." He added, "I hope the Youth Startup Academy expands programs that help startups successfully enter the initial market and secure management stability."

Chairman Kim said, "The Seoul Youth Startup Academy selected 135 promising startups for global expansion this year, and these companies have produced excellent results such as approximately 20 billion KRW in sales and the creation of 638 new jobs." He added, "SBC will support startups to continuously grow into global innovative companies by linking and supporting policy tools such as funding, marketing, and research and development (R&D)."

SBC operates support programs such as startup education and coaching at the Seoul Youth Startup Academy by utilizing private sector know-how. It also collaborates with accelerators that have strengths in investment linkage to focus on strengthening startups’ investment capabilities and practical investment attraction. Especially this year, priority is given to selecting young entrepreneurs who possess items and technological capabilities that can compete in overseas markets such as ICT, blockchain, and platform services, and they are being nurtured into global companies.

This content was produced with the assistance of AI translation services.